Zacks: Analysts Expect Cantel Medical Corp. (NYSE:CMD) to Post $0.54 Earnings Per Share

Equities analysts forecast that Cantel Medical Corp. (NYSE:CMD) will announce earnings of $0.54 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Cantel Medical’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.56. Cantel Medical reported earnings of $0.62 per share in the same quarter last year, which indicates a negative year over year growth rate of 12.9%. The company is scheduled to report its next quarterly earnings report on Thursday, December 5th.

According to Zacks, analysts expect that Cantel Medical will report full-year earnings of $2.81 per share for the current fiscal year. For the next year, analysts anticipate that the company will post earnings of $3.38 per share, with EPS estimates ranging from $3.34 to $3.41. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Cantel Medical.

Cantel Medical (NYSE:CMD) last posted its earnings results on Monday, September 23rd. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The business had revenue of $239.48 million during the quarter, compared to the consensus estimate of $238.60 million. Cantel Medical had a return on equity of 15.34% and a net margin of 5.99%.

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Shares of Cantel Medical stock traded up $0.09 during midday trading on Thursday, hitting $72.89. 92,821 shares of the company were exchanged, compared to its average volume of 269,874. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.32 and a quick ratio of 1.41. The firm has a market cap of $3.04 billion, a P/E ratio of 30.76 and a beta of 0.99. Cantel Medical has a 52 week low of $63.47 and a 52 week high of $93.87. The firm has a 50 day simple moving average of $72.85 and a 200-day simple moving average of $77.38.

Cantel Medical Company Profile

Cantel Medical Corp. provides infection prevention and control products and services for the healthcare market. The company's Endoscopy segment offers automated endoscope reprocessing systems; infectants and sterilants; detergents; leak testing and manual cleaning products; storage cabinets, transport systems, and mobile medical carts; manual cleaning products; endoscope process tracking products; other consumables, accessories, and supplies for use in disinfect rigid endoscopes, flexible endoscopes, and other instrumentation; and technical maintenance services.

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